By Getting Closer to the Source of Payment, Lockboxes Can

question 12

Multiple Choice

By getting closer to the source of payment, lockboxes can be used to reduce:

• A) availability or clearing float.
• B) mail float.
• C) in-house processing float.
• D) disbursement float.

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Definitions:

Document

A written, drawn, presented, or memorialized representation of thoughts, often serving as legal or historical evidence.

Oral Traditions

The practice of passing stories, history, and knowledge from one generation to another through spoken word and storytelling.

Electronic Media

Forms of media that require electrical or digital equipment to be accessed by the audience, including television, radio, and the internet.

Rework the Balance

The process of adjusting or redistributing elements to achieve a more desirable or harmonious state in various contexts, including work-life balance or ecological equilibrium.